Arindam Chaudhuri of IIPM held in pre-GST Case

Arindam Chaudhuri, director of Indian Institute of Planning & Management (IIPM) & another director of his company have been arrested by the CGST South Delhi Commissionerate for wrongfully claiming cenvat of service tax credit in the pre-GST regime, reports Surojit Gupta.

According to the sources, on Friday, Chaudhuri & his colleague were arrested at 4 pm. A Local Court sent them to fourteen days custody. The duo has been detained in the case, which involves an amount of more than Rs 22.5 crore. They were produced before duty magistrate Jyoti Maheshwari in Patiala House Court. The probe is on about properties held by Chaudhuri & his company in Delhi & other cities in India as well as overseas. 

Until a few years ago Chaudhuri was a regular on television channels.

Sources said Chaudhuri owns 90 per cent of the closely held company while the rest is held by his wife. In 2018, an indirect tax tribunal upheld the entire service tax demand against IIPM saying there was no scope to exclude “academic courses” conducted by the institute from the levy of the tax demand. Sources said the probes would also include the alleged service tax evasion angle. 

Referring to the order of the tribunal, officials had said the total tax demand including penalty & interest could be over Rs 200 crore. 

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